ICAEW Business Confidence Monitor: national
The latest ICAEW Business Confidence Monitor (BCM) shows that business confidence has hit a decade-low as Brexit uncertainty, political instability and slow economic growth take their toll.
Key findings this quarter
- Confidence weakening over the past five years, reaching now the lowest level since the start of 2009.
- Depressed confidence both cause and consequence of slow sales growth, with exports looking particularly weak.
- Modest profit rises reflecting slower sales and limited selling price increases. Plus, expectations for the year ahead have fallen.
- Weak productivity also a reason for slow profit growth - only 39% of companies rising their productivity.
- Slow sales and profit growth feeding through to investment growth, with plans for the year ahead particularly low.
- Companies continuing to restrict employment growth, with fewer seeing skills shortages as a growing business challenge.
Find out about the research methods that underpin the ICAEW Business Confidence Monitor.
Using BCM data
If you'd like to use this data in a publication or share it with clients, please tell us in advance by emailing email@example.com, and make sure to reference 'ICAEW Business Confidence Monitor' in full whenever you are citing the data.
Taking part in the BCM
If you're an ICAEW member working in industry or commerce you might be called to give an opinion on the economic prospects facing your organisation - please spare a few minutes to take part. Your views will provide information on matters of key concern to a broader businesses community, policy-makers and the media. You'll also be helping ICAEW to promote Chartered Accountants as business people with a serious contribution on business, finance and economic issues.